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Credit Suisse Group (CS): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Credit Suisse Group (
CS) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.3%. By the end of trading, Credit Suisse Group rose $0.61 (2.0%) to $31.11 on average volume. Throughout the day, 1,519,551 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1,250,200 shares. The stock ranged in a price between $30.96-$31.27 after having opened the day at $31.12 as compared to the previous trading day's close of $30.50. Other companies within the Banking industry that increased today were:
National Bank of Greece (
NBG), up 11.2%,
Credit Suisse (
DGAZ), up 7.6%,
Bank of Ireland (Governor & Co of (
IRE), up 7.3% and
Firstbank Corp Michigan (
FBMI), up 6.7%.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $47.7 billion and is part of the financial sector. Shares are up 24.2% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Credit Suisse Group as a
hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.